SEACOR Marine (NYSE:SMHI) Downgraded to Hold Rating by Zacks Research

SEACOR Marine (NYSE:SMHI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut SEACOR Marine from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, October 8th. Finally, Clarkson Capital cut SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

SEACOR Marine Stock Down 0.9%

SMHI stock opened at $5.96 on Monday. The stock has a market capitalization of $160.72 million, a PE ratio of -4.23 and a beta of 1.30. The company has a fifty day moving average of $6.82 and a 200-day moving average of $6.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.39. SEACOR Marine has a one year low of $3.63 and a one year high of $7.88.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.76. The business had revenue of $59.19 million for the quarter, compared to analyst estimates of $65.89 million. SEACOR Marine had a negative net margin of 16.08% and a negative return on equity of 6.67%. As a group, analysts expect that SEACOR Marine will post -2.54 EPS for the current year.

Insiders Place Their Bets

In related news, Director Julie Persily sold 7,000 shares of SEACOR Marine stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total transaction of $52,150.00. Following the completion of the transaction, the director directly owned 85,476 shares of the company’s stock, valued at approximately $636,796.20. The trade was a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 14.60% of the stock is owned by insiders.

Institutional Trading of SEACOR Marine

Large investors have recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of SEACOR Marine in the 1st quarter worth about $444,000. American Century Companies Inc. raised its position in SEACOR Marine by 7.7% during the first quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock worth $257,000 after acquiring an additional 3,625 shares during the last quarter. First Eagle Investment Management LLC raised its position in SEACOR Marine by 4.8% during the second quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock worth $5,803,000 after acquiring an additional 52,000 shares during the last quarter. Epacria Capital Partners LLC lifted its holdings in shares of SEACOR Marine by 19.5% in the second quarter. Epacria Capital Partners LLC now owns 155,230 shares of the company’s stock valued at $792,000 after purchasing an additional 25,335 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of SEACOR Marine by 43.1% in the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock valued at $72,000 after purchasing an additional 4,257 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Company Profile

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.